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to hear before turning in your taxes. and.... the company that orchestrated the most famous re-tweet ever... first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's wednesday, march 5th i'm angela miles. in today's first look: the s&p rises to a new record high as the standoff between russia and the ukraine becomes "less tense". it's the 49th record set by the index. the dow- also had a positive reaction jumping 228 points, the nasdaq 75 and the s&p 28 gold scaled back $15 dollars and oil.. $1.63. caterpillar's ceo says he is guardedly optimistic about the global economy...which added into the buying blitz on wall street. and the power of the plug. yesterday we told you about the fuel cell stock plug power that surged 24% monday well on tuesdays it rallied 15% more.. trader daniel stecich of athena advisor services joins us now. there was a collective sigh of relief in the market yesterday but will that continue? >>i think it will. you have to put what happened in russia behind us and if you look at what happe
anything about it. well the same could be said about tax reform. everybody talks about it but no one does anything about it and for good reason. virtually every proposal put on the table gets just sliced to pieces by those who claim they want reform but it truly want only to protect their own tax status. congressman dave camp 067 michigan presented this tax reform proposal this week that immediately had some conservatives and some liberals all aflitter with criticism. the chairman's plan would simplify the tax code and make it so that 95% of passenger pairs would be able to do a short term tax form. it would lower rates but in exchange it would end some current deductions. most conservatives like to lower rates wu not ending the deductions. some have even condemned the plan for not having spending cuts. but let's be fair, the ways and means kmee that congressman camp chairs doesn't handle spending. the appropriations committee does that. his committee's responsibility isn't how to decide how to spend the money, just figure out how to get the money that we spend. personally i still prefer
to not note -- that the committee that the bank's breakecutive did not help tax laws. the bitcoin industry doing damage control following the shutdown of a virtual currency exchange. they are assuring investors that their funds will not disappear. reports are out that hackers may have stolen more than $390 million in bitcoins. and the data breaches affecting has takenf shoppers its toll on target but fourth-quarter profits fell 46%. whoever, earnings beat estimates. -- faces more than 80 civil lawsuits on the data breach. julie hyman has more on target as well as a look ahead to jcpenney's results after the bell. she is looking at the entire troubled state of retailing today. here in the studio for the next hour, my guest house, restructuring guru who oversaw hostess brands and is now heading a wide range of companies that he will give his take on turning around retailers to overhauling taxes to hiking minimum wage. first, to you on this data breach and the impact on target. >> it definitely had an impact on target. not only did it take charge to fix the data breach, the bridge of credit c
on sale on amazon. they will need to pay taxes on the wealth, likely a million. but they don't want to change their lifestyle and will donate to charity and keep a few coins as keepsakes. >> good for them. that is a great story. don't you want to know the background of who actually put those coins in those canisters and hid them? i wonder why. it would be interesting if they go figure it out. >> it is big mystery >> i'm going to go home and dig up the backyard. >> you never know what you wofi will find. >> new action in the irs profiling scandal. who the lawmakers are hearing from now. plus, president obama with his on the economy taking his job push on the road. and we will talk to senator john thune about it all. thune about it all. that allows you to eat all that you can. filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. captain obvious: yes i am. all those words are spelled correctly. jenna: well the president heading to minnea
with a disability, that they can do that in a tax-free -- i should say a tax-advantaged environment and so they can save over time and do it in a manner that doesn't put them at a disadvantage from a tax standpoint down the road. so sara is a great example of why the able act should pass, and she is doing more than her share to make sure that it does pass, so i'm grateful to sara wolfe for doing that. especially grateful to people like sara who like a lot of us at some point in our lives have to overcome the tragedy. sara lost her mother connie not too long ago to a sudden and rapid illness, but she has been able to -- to deal with that tragedy and still help us day in and day out to get the able act passed. i will highlight one more story and then i will conclude. angie king is a 28-year-old who lives in indianapolis, indiana, and like sara wolfe, she lives with downs syndrome. she has had -- angie has had five different jobs and works five days a week. she works paid positions at kohl's on mondays and at the ymca on fridays. on tuesdays, wednesdays and thursdays, she volunteers for several organi
about tax reform. but today, one republican congressman is trying to change that. correspondent doug mckelway is here with specifics. >> good evening, bret. house ways and means committee chairman has been working to simplify our massive tax code. it's so complex, camp believes it hinders growth. >> i don't think we can afford to wait. i can't settle for an economy that grows at 2%. >> camp unveiled his proposal that includes 228 provisions of the existing tax code. it flattens into two brackets of 10% and 25% for all taxable income. it creates a standard deduction of $11,000 for individuals, $22,000 for married couples. and it ups the child tax credit to $1,500. it also repealed the alternative minimum tax and simplifies the tax of investment income. but in a town that lives and breathes through tax loopholes carved out by special interest, his plan is coming under heavy fire. >> it's a nightmare for accountants and attorneys, once they stop objecting to the provisions, they'll a lot less work to do. >> one such organization said, it's quote, disappointing that he chose to single out p
it. all of these are tax deductibles. here are the unions they are allowed to do it all. this the is present administration trying to stifle the voices. this isn't just about republicans opposed to. this aclu opposed to this and also the syria club. because this is what the new proposal would be. stifle the a 01 c 4s. >> what's the difference between 501 c 4 and 501 c 3. >> this is tax deductible. this is charitable these are syria club. these are your volunteer firefighters. these are the individual groups going through. and you know what? the comment period ends tomorrow it. they have gotten 69,000 comments on on sierra opposed. aclu. he keystone had 700 comments. they never had these comments mostly all opposed. >> what republicans say is it is designed to shut down the tea party groups but it applies equally to liberal groups and conservative and tea party groups, right? >> i don't care who it goes after, it's wrong. it's government trying to shut your voice down. remember what the first amendment says. >> why would the administration want to shut down groups that th
calls for increased spending on education. it extend tax kits to lower-income americans including expanding the earned income tax credit. house speaker john boehner is the one who called it irresponsible. remember, there whats not been a budget passed by congress since 2009. >>> president obama heads to connecticut with his push to raise the minimum wage with central connecticut state university he'll be joined by four governors all in favor of increasing the minimum wage. >> if you like your health plan, you may be able to keep it a little longer. "the washington post" says the obama administration is rewriting affordable care act rules again to let americans keep their plans for up to three more years, even if those plans no longer comply with the law. last fall, the white house gave option of letting policy still be sold in the short term even if they were technically illegal. >>> happening today, the house is set to vote for the 50th time on a modification to obamacare. this would be push back the original mandate for one year and making that penalty zero. this is the first su
as only capitol hill can deliver. a tax code reform plan gets trashed before it even gets officially revealed. oh, washington in the 21st century. good morning from another snowy washington. sorry, we're whining about the weather, but good grief. we're done. groundhog, go ahead. it's wednesday, february 26th, 2014. and another version of the snowy "the daily rundown." the first reads of the morning. we begin in afghanistan. it's the longest war in history and it suddenly may come to an abrupt end, just ten months from now. the white house announced planning for the zero option, withdrawing all troops by year's end. in a phone call with karzai, president obama said the u.s. had no choice due to karzai's failure to sign onto plans that would protect u.s. personnel that would stay in the country post-2014. nbc's jim miklaszewski has just travelled to afghanistan, and he has more from the head of the joint chiefs, general martin dempsey. >> it is a statement that we have reached a point where we have to plan for other options, to include a complete withdrawal by the end of 2014. but it's
. >> the tax dollars will be bailing out the insurance. they already announced they are getting something like $450 million. >> we are in the wrong business all of us. >> tonight next here on "hannity." >> you got obama full? >> everybody in cleveland got obama foeven. he is the obamian president. he gives us a phone. >> how does he get you to sign up? >> you on social security. >> this president and his hajzouts like obama phones are responsible for the growing entitlement culture. we have that coming up next. er . they're delicious, and a good source of fiber er . to help support regularity. wife: mmmm husband: these are good! marge: the tasty side of fiber. from phillips. and a hotel is the perfect place to talk to you about hotels. all-you-can-eat is a hotel policy that allows you to eat all that you can. the hotel gym is short for gymnasium. the hotel pool is usually filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. captain obvious: yes
for joining us. appreciate it. >>> coming up next on "hannity." >> we reduced taxes and now people are more vulnerable. my job is to communicate to people the absolute imperative to use the public resources to maintain the safety net. >> all right, the filmmakers of that documentary had me yelling at the tv. they're going to be here to defend their movement. and we'll have much more strait ahead. straight ahead. captain obvious: i'm in a hotel. and a hotel is the perfect place to talk to you about hotels. all-you-can-eat is a hotel policy that allows you to eat all that you can. the hotel gym is short for gymnasium. the hotel pool is usually filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. captain obvious: yes i am. all those words are spelled correctly. but we're not staying in the kitchen. just start the slow cooker, add meat and pour in campbell's slow oker sauce. by the time you get home, dinner is practically done. and absolutely del
tax dollars will bail out the insurance industry, humana will get something like that $450 million. >> and tonight, next on "hannity." >> everybody in cleveland, all the minority got phone -- >> he gave you a phone? >> he gave us a phone. >> if you sign up, you got low income, you disability. >> all right, so this president and his handouts like obama and his handouts like obama phones are responsible for at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. so i got the new nokia lumia icon. it's got 1080p video, three times zoom, and a twenty-megapixel sensor. it's got the brightest display, so i can see what i'm shooting -- even outdoors, and 4 mics that capture incredible sound. plus, it has apps like vine -- and free cloud storage. my new lumia icon is so great, even our wipeouts look amazing. ♪ honestly, i want to see you be brave ♪ ♪ if you have a buness idea, we have a pe
for expansion of tax credits for the middle class and working poor which the white house says is part of his state of the union pledge to boost economic opportunity for all americans. michelle joins us now from the white house. michelle, how do you think this plays out politically considering how gridlocked things are in washington right now? >> reporter: does this have a chance of passing, you're asking? in a word, and you may already know the answer, no. in presenting this budget proposal, president barack obama wants to address the most difficult issues americans face making living and paying for cost of living. working poor, working minimum wage and working full time. they don't have the tax credits workers with children do. obama wants to expand to workers without children, younger workers. this budget contains $60,000 billion worth. obama wants to help obama pay for child care, tax credits for people with young children, pay for education and save for retireme retirement. republicans have problems with it in specifics like closing tax loop hohole loopholes. some say this does nothing t
these cities. flee away from taxing, crime, whatever. and went to suburbia. it followed them. they said why are we spending three hours a day on the long island expressway? let's move back into these cities. so for me it's about people get displaced. where the black population of new york city has declined. the hispanic or puerto rican population has declined. it's about having affordable housing so people whoever they are can live in new york city. and it's not just new york. d.c. used to be called chocolate city. chicago, they knocked down the cabrini green projects and now black people are stuck on the projects outside of chicago. >> sorry. isn't this something that has happened to in every generation to all sorts of different groups? little italy in new york has gotten smaller as parts of chinatown have grown and other neighborhoods have grown. one an area that used to be predominantly jewish then changes over to another ethnic group. you don't see this as something -- you think it's escalating? >> here's the difference, anderson. because those, they were moving up. when you had the ghe
dave camp, the head of ways and means committee has done this week proposing tax reform to simplify the tax code, reduce rates, reduce the corporate rate from 35 to 25% is really the sort of thing we need to do to energize the participants in the u.s. economy. right now they're sitting on their hands. there is over a trillion, maybe $3 trillion in corporate assets not being deployed. there are $2 trillion in corporate assets parked overseas because they don't want to be taxed. the camp plan would cause most of that to come back to the united states and be deployed here. that is the sort of thing we should be doing. jenna: he announced his plan, if you will in the "wall street journal" yesterday in an article. i believe he will be speaking to neil cavuto later today. it will be interesting to hear from him. what do you think the prospects are? we heard tax reform before. what do you think really are the chances what he does actually turns into some change, real change? >> i think because of president obama's attitude towards taxes, there is very little prospect. you need a president
they are taxed to pay for my health care. this is why i say americans should cut entitlements then medicare and social security will suck every penny from young people like jonathan. obviously you want spending reduced but at the wrestle institute they say the government should spend more. more? are you kidding? >> this is house social insurance works. with young people regardless of might be cyrus someday they will not be young people they get older every year someday they will be old people baby retirement security and health care. john: we take too much. >> is sustainable if we don't do anything with medicare will bankrupt the government. if we don't it will bankrupt every individual person. like turning medicare into a voucher increases health care cost. >>. >> those think tanks confused me. i think we should spend more with social security. they are working how they are supposed to. john: i want to scream at him. >> but the irony is they have less accumulated wealth and less savings. talk about income inequality but we have government programs that are set up to take from the young peo
control and in plans in time courtesy of tax hikes, but not a lot of spending cuts. >> well, a couple things. first of all, if you look at this budget, it shows the that the deficits are steadily decreasing, year by year. as you know, we've cut them in half over the last four years. and this budget puts the them on a continuing downward trajectory, number one. >> but they are still relying on tax hikes. $1 trillion worth over the next year. and i'm wondering, where are the savings? because the president and republicans, too, there were no fair players on this, they reversed what were going to be minor cost of living juchlgts in the last deal. they scrapped that altogether. writes the will for getting this under control? >> two things. i think if you look in the medicare area, the president's budget identifies some additional efficiencieefficienc that are saved, that are cut, not by harming beneficiaries, but by reducing and continue to reduce some of the overpayments to the private insurance companies, by changing the way you reimburse big pharmaceutical companies. those are real cuts
direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com the next time you nt a dvd, don't bother rewinding it. the way i see it, it's t next guy's problem. oh, larry. she thinks i'm crazy. mm-hmm. but would a crazy person save 15% on car insurance in just minutes? [ chuckles ] [ malennouncer ] 15 minutes for a quote is crazy. with esurance, 7½ minutes could save you on car insurance. welcome to the modern world. esurance. backed by allstate. click or call. >>> they have requested now a one-week delay for her, so the suspense continues on that front. this is a woman whose organization was targeted by the irs testifying before congress at a hearing last week. jenny beth martin says it took three years, two months, ten days and tens of thousands of dollars for her o
in taxes. carl levin said the bank's actions were right out of a james bond field and helped them hide billions from the irs. currently their investigating credit suisse for offshore. >> is it reads like a spy novel. some of those monies into the bank vaults. >> i don't remember the bond film that was specifically about accounting. >>> irs commissioner john cosco will discuss about funds in the irs being aloe indicated including bonuses to employees. he's maintained that bonuses are needed to retain and attract good employees. the commission will also face questions about the agency's accused targeting of tea party groups. >>> president obama is taking his year of action message on the road today. he'll be in st. paul, minnesota, pitching the economic plan spelled out in his state of the union address. the president has been able to focus on transportation issues at st. paul's union depot. announcing new competition, encouraging investments to create jobs and restore infrastructure. >>> today, house democrats are set to kick off their efforts to raise the minimum wage. the president an
. of course you're going to lose your insurance. that's the design. >> our tax dollars are going to be bailing out the insurance industries. humana announced they're going to get $450 million. >> we're in the wrong business, all of us. coming up next -- >> everybody has got an obama phone. keep obama as president, you know? he gave us a phone. >> how did he give you a phone. >> if you sign up, if you're on social security, you got low income, you disability. >> so this president and his handouts like obama phones, responsible for our nation's growing entitlement culture? that's coming up next. minimize . support heart health. and your immune system. now there's new glucerna advance with three benefits in one. [ male announcer ] new glucerna advance. from the brand doctors recommend most. inuses are acting up new glucerna advance. and i've got this runny nose. i better take something. truth is, sudafed pe pressure and pain won't treat all of your symptoms. really? alka seltzer plus severe sinus fights your tough sinus symptoms plus your runny nose. oh what a relief it is so i got the new nokia
reports of taxes raised pr the sale of legal marijuana are in. we have the numbers. >>> thanks for joining us. so a major auto recall is expanding after the deaths have doubled. it involves i guess anything switches in 1.6 million general motors vehicles. and it is now link ed to 31 crashes and at least 13 deaths. that faulty switch can inadvertently turn off, which shuts down the engine and most electrical components including air bag systems needed in crashes. look at the models impacted. 2003-2007 saturn ion. 2006-2007 chevrolet hhr. they join the already recalled 2005-2007 chevrolet cobalt and sedans. . and the 2005-2007 pontiac pursuit sold in canada only. in a statement, gm's president said "ensuring our customers' safety is our first order of business. we're deeply sorry and we are working to address the issue as quickly as we can." gm will notify all customers at no charge. in the meantime, drivers should only use the ignition key with nothing else on the key ring. >>> the call to tee vooe toe a controversial bill is reaching a ground swell. it would allow businesses to deny servic
of the coin's value in taxes whether or not they sell the coins or not. it falls under a law it is taxable the year it is found. >> jim lang is the host of the dating game has died. >> welcome once again to "the dating game." we have our three eligible bachelors. here are the guys. >> dak in 1932 lang became the house of the dating game when it first debuted in 1965. he had 16 years as host of the show. he had a precharlie's angel farah fawcett on the show and young arnold schwarzenegger. he died on his home in california. he retired in 2005. he was 81 years old. fun to see those pictures. >>> waking up to windchills below zero. >> maria molina is tracking another storm. >> you are right. another storm system. this will be impacting people across the west coast and over the next several days and coming up on monday. this will be a widespread storm system. it feels like 23 degrees below zero and also in new york city. it will be in the great lakes and the northeast today. it will be cooler across parts of texas with highs in the 80s. by sunday much much colder. out west we have the drought
tax exempt stating are trying to figure out how it started. after the supreme court ruling of january 2010 up holding the rights of groups to contribute to races, president obama called on them to fix it in his address. >> they reversed a century of law that i believe will open the flood gates for special interests. >> a month later, new york democratic senator chuck schumer announced he was introducing the disclose aid, and then in april 2010, the president warned about shadowy groups with harmless sounding names. they said the irs felt the pressure. >> we never heard about any problems with people applying for tax status since 1959 when there were rules put in place. we never had problems until 2009 when this administration took over. that's when it all started. >> at numerous congressional hearings, lawmakers have heard the horror stories of people who had their lives turned upside down by the federal government. >> since that filing in 2010, my private business, my nonprofit organizations, my family and i have been subjected to more than 15 instances of audit or inquiry by federal
. the president is expected to expand by eliminating tax breaks for the wealthiest americans and the president is expected to propose billions in manufacturing and job training and education and along with 28 billion for defense programs. house budget chair paul ryan is working on his own plan and shore up spending in part by overhauling the welfare system and the plans are expected to be miles apart. yesterday, ryan issued a 200-page document. israeli prime minister netanyahu is once more pushing back on u.s. diplomatic efforts and sitting next to president obama he inserted that israeli would never compromise on security and would defend itself at all costs. the comments in in lights of u.s. attempt to broker peace deals with palestine a. meanwhile, the apac conference is going on across the town and a platform drawn speakers like secretary of state john kerry, conservative republicans like ted cruz have used this event to accuse president obama of being tougher on netanyahu than putin in ukraine. >>> despite rumors around washington to the contrary, john boehner says he is planning to stick
taxes and has not paid them in ten years and he said in addition to that mitt romney has probably committed other felonies. as it turns out mitt romney paid millions of dollars in taxes and harry reid pretended he had not smeared him. yet he had done just that. there are a number of right-minded americans who are wondering mr. reid, what are you talking about? and you do sincerely owe an apology to these people you smeared unjustly. >> 11 minutes after the top of the hour. >> you might not recognize his face yet but our next guest says he could be the next bin laden. >> millions of dollars in campaign donations coming from planned parenthood, so who is it specifically going to go to and why? we're going to explain that as "fox & friends" rolls on live from new york city, where it's 9 degrees right now, folks. ♪ ♪ go long, look lean, in this season's most important fashion trend, the long shirt. designed to flatter, with playful hemlines and length for everybody. the new long shirt. visit the shirt boutique, only at chico's and chicos.com. help keep teeth clean and breath fresh
the hour. it is nearly tax season, oh, joy. are you in a surprise because of obamacare? find out about that next. martha: plus, a school mix-up that has parents fuming. we're going to tell you about the grandpa -- he brought home the wrong kid. it happens, right? >> demanded that immediate disciplinary action is taken against the administration. this unbelievable and terrifying incident that our family has been put through has placed spotlights on our school's lack of security especially during parent pick-up and -- [inaudible] martha: oh, boy, some connecticut parents are fuming over what's being called a case of mistaken identity after a 5-year-old son was picked up by a confused elder orally man -- elderly man. he was there to pick up his great grandson who is an entirely different child. the man only realized the mix-up when he got home. don't know why little boy didn't say, hey, i'm not supposed to go with you. the boy's mom is outraged. >> he informed me that our son was taken mistakenly home by another child's grandfather. he reassured me that he knows the man and that our son i
issue as you know, bill, the grand bargain, retirement reform, big tax deal, that's not happening. so this is money that is not going to be allocated. republicans in the house will block this request by it's all about the election because policy-wise this is not going anywhere. bill: appreciate your time out of d.c. for viewers at home, what do you think? is washington serious about its budget? will it ever balance its books? send us your tweets @marthamaccallum and bill hemmer. martha: people who like their plans maybe can actually keep them. is this latest delay because of the mid-term elections that are looming? bill: a smartphone that makes your phone useful to the bad guys. >> there goes a couple of plows demonstrating what i said, hitting us. there you go, there goes another one. four plow trucks. martha: a reporter getting snow plowed. he will talk about what happened and his close encounter with the plow. sfunction get in your way? talk to youroctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain. it may cause a
while ago. he said he wants to expand tax credits for lower income americans and says he'll do it by closing loopholes that ben fit wealthier individuals. >> right now our tax system provides benefits to wealthy individuals who save, even after they have amassed multimillion dollar retirement accounts. by closing that loophole, we can help create jobs and grow the economy and expand opportunity without adding a dime to the deficit. >> the president also wants to expand the earned income tax credit for the working poor without children. his budget would also expand the child and dependent care tax credit and create automatic iras to help workers save for retirement but it's unlikely those plans will get through congress. he needs legislation to enact all of that and that does not look likely. >>> global markets are rebounding today as investors digest the situation in ukraine. even the dow jones flew out of the gate this morning. alison kosik is over at the new york stock exchange. how much have we bounced back today? >> quite a bit. what a difference a day makes. even the s&p 5
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, l
. committee that has spent your tax dollars and resources investigating the irs and its oversight for politically active nonprofit. committee chair isa is again led the attack as republicans try to find any proof that officials at the agency were directed to conduct audits of conservative groups that spent money in the last two elections. the republican conspiracy theory is that the audits were politically motivated, and they insinuate that they may have been directed by the white house. despite the incurable fever for this story on the right and in conservative media, issa's committee has yet to turn up any actual evidence. so today, once again, the oversight committee called former top irs official lois lerner to testify. and issa asked a series of ten questions to which lerner, as highway is did more than nine months ago, pleaded the fifth each time. they gavelled the hearing to a close less than 12 minutes after it began and without allowing a single democratic member to ask a question. the democrats' ranking member elijah cummings, was not having it. for 90 second after issa
-barrel shotgun. boom! how they can justify raising taxes on the middle class has been buried the last four years. mom lived in long island for ten years or so. god rest her soul. and although -- wait, your mom's still alive. it is your dad passed. chuck graham, state senator is here. stand up, chuck. god love you. what am i talking about. you cannot go to a 7-eleven or a dunk hyun -- or a dunkin' donuts unless you have a slight indian access. i'm not joking. thank you, dr. pepper. >> those are some of the types of things you'll see in his ads if he runs for president in 2016. >> he laughs about his mistakes. can't we all dohat once in a while, brian. >> he has career advice for women. >> this is about freedom. how many of you are single women with children in a dead-end job? you're there because of your health insurance. you would rather have the opportunity to spend the next couple years with your child until they get -- if that was your choice -- until they get into primary school. you're now trapped in that job because if you leave, you lose your health insurance. now you'll be able to do, ma
-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com i tr ied depend last weekend. it really made the difference between a morning around the house and getting a little exercise. unlike the bargain brand, depend gives you new fit-flex®, our best protection. it's a smooth and comfortable fit with more lycra strands. get your free sample at depend.com. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement t
. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> welcome back to "the ed show." the greatest privilege any american has is the right to vote in a representative government. members of congress have a responsibility to represent the people who sent them there. in rural nebraska, the people i met last friday are getting a raw deal. many of them traveled to washington to talk to congressman terry lee and senator mike johanns concerning the pipeline. tonight this is their story. ♪ in the breadbasket of america, where corn is king, everything surrounding this fight has been taller than corn. from the lobbying effort to the misinformation campaign, these concerned citizens feel big oil has tried to confuse the residents of nebraska, and it seems that everybody is in on the game. >> he
. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com life could be hectic. as a working mom of two young boys angie's list saves me a lot of time. after reading all the reviews i know i'm making the right choice. online or on the phone, we help you hire right the first time. with honest reviews on over 720 local services. keeping up with these two is more than a full time job, and i don't have time for unreliable companies. angie's list definitely saves me time and money. for over 18 years we've helped people take care of the things that matter most. join today. which is why he's investing in his heart health by eating kellogg's raisin bran®. not only is kellogg's raisin bran® heart healthy it's a delicious source of potassium. ♪ mom make you eat that? i happen to like raisins. [ male announcer ]
is to give more money, tax breaks. but the way to help poor people to work harder is to kick them in the butt and their programs? why do you reward the wealthy to make more wealth and then encourage, supposedly, poor people to make more money by cutting them from money. explain the logic, please. >> don't ask me to do that because i cannot explain that logic because it's illogical. but there is a whole way of building up a infrastructure around people who are in poverty to make it easier for them to get work and for them to stay in jobs. that's providing health care, providing day care,el r early child education, nutritional programs for kids, and for their parents if they need it. family medical leave, you know, days off, paid vacation, all these sort of things that the poor don't have. transportation vouchers. because a lot of the working poor can't even get to the jobs. a center for budget and policy priorities put out a report saying even if you filled every job that was open today, you still have 2/3 of the unemployed without work. creating jobs is a whole another thing, but they don't w
the military. the proposal does call for extending some tax breaks to lower-income americans, the earned income tax credit. the benefits would be paid for by closing loopholes for higher paid workers, ones they use often to reduce their tax burdens. >>> meanwhile, the pentagon's budget proposal will detail those much-discussed cuts to the army. that will reduce the troop levels to their lowest amount since before world war ii. defense secretary chuck hagel today plans to outline how the military will instead use its $500 billion budget to expand cyber warfare capabilities and develop other high-tech weapons. >> but these cuts very, very controversial now in light of what's happening in ukraine. >>> meanwhile, final, new rules aimed at reducing greenhouse gases coming from cars and trucks. the epa is putting the finishing touches on regulations requiring refineries to cut sulfur levels in gasoline by 2017. this also forces lawmakers to change their vehicles to reduce tailpipe emissions. the epa and some environmental groups call it a win for planet earth, but the oil industry says the new rules
in back taxes. the rapper says it will take six months to repay the debt, because of the way he plans to do it. [ laughter ] >> this morning's "eye-opener" is presented by toyota. let's go places. >>> >>> welcome to "cbs this morning." good morning, norah. >> good morning, charlie. >>> as you wake up in the west, there are signs that the crisis in ukraine may be ended by diplomats and not armies. it may not be easy. top officials from ukraine, russia, the united states, britain, and france are in paris paris. the west is ready to offer ukraine billions of dollars in economic aid, but secretary of state john kerry says this morning that the russians and ukrainians have not yet agreed to meet face to face. >> kerry said yesterday in ukraine's capital that russia broke international law, but there's no need over the violation. >> president obama and i want to make it clear to russia and to everybody in the world that we are not seeking confrontation. it is not appropriate to invade a country and at the end of a barrel of the gun dictate what you are trying to achi
will get a slight break at the pump starting july 1 when the tax on gasoline will drop 3.5 cents a gallon. the board of equalization voted to lower the tax for a year. the board is requiring to adjust the rate accord to a complex formula. >> hope the gas tank is filled this morning because you hate getting wet in the morning. >> it will be one of the days where the boss will cut you some slack. >> here is a look at what is going on: lake tahoe is clear with the rain leaving cloverdale and toward guerneville. that is why we are seeing heavier rain in your neighborhood. we are following the batch pulling away from concord headed to pittsburg and clayton and antioch which is next. headed to 680 you can see where it meets we have light-to-moderate radar stretching up to napa all headed to the eat. it should be out are your neighborhood in the next ten or 20 minutes. you can see green if the bay area but mostly drizzle and light rain. we have lightning offshore but they will come ashore with a second wave coming at us in three hours. maybe four hours. that is the beginning of the floodgates op
, president obama is set to release his 2015 budget plan. also expanding a tax break to help low-income workers without kids. the next fiscal year begins in october. >> so you think your wireless carrier isover charming you, you are not alone. the federal government is now suing sprint over the cost of bugging people's phones. they claim they overbilled the agencies $21 million. sprint says it did nothing wrong. >> a phoenix detective was chasing a suspect by car when he crashed and opened fire while fleeing on foot. responding officers shot and killed the suspect. >> new jersey governor chris christie trying to shift focus from bridgegate. he will hold will the townhall today. a report last month blamed the state for miss handling thousands of dollars of recovery money requests. this as attorneys for the former campaign manager say he is now being investigated by federal agents for any role he may have had for the shutdown of lanes on the garage washington bridge. >>> we'll keep dipping back to ukraine. but we do also have to follow what's going on here with the extreme cold gri
says there's an emergency basis for an order that tax records of parents can then go on the applications for college. he said, no emergency. >> and the fact that the legal drama is now going to continue to drag out. hard to see how they're going to reach any kind of reconciliation any time soon. >> it's very sad. >> i feel that they're going through this and the shame of having this all be so public. >> they were very emotional. she held it all i know side. >>> world leaders are trying to find a resolution to the ukrainian crisis this morning. did president obama's reset on russian foreign policy contribute to the crisis? >>> georgia takes a big step to legalize medical marijuana. dr. sanjay gupta joins us on his documentary. weed two. cannabis madness. l policy that allows you to eat all that you can. the hotel gym is short for gymnasium. the hotel pool is usually filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. ca
. they even have a one-point lead over republicans when it comes to taxes. taxes. and it's an even playing field when it comes to the economy. but the only major issue where people trust republicans more than democrats is on the budget deficit, and there only by two points. yet despite all that, things look bleak for democrats in this year's midterm elections. we all know that. they don't stand a chance to regain the house. and according to an elections expert, charlie cook, they're losing their grip on the senate where republicans need to pick up net six seats to retake the majority. charlie cook put it bluntly today, saying, quote, democrats' chances of holding on to their majority in the senate is looking increasingly tenuous. there are now at least ten and potentially as many as 13 democratic-held seats in jeopardy. 10 to 13. by contrast, only two gop seats are in any meaningful danger. and that number hasn't changed in six months. things are starting to look grisly for senate democrats. that's charlie cook. another blunt way of putting it was john lovitz's classic portrayal of michael
are concerned about car about an emissions, who are concerned about their stability. they pay taxes, too. they claim that their representatives won't even listen to them. now, if nobody in nebraska and the governor turns on him, mr. president, it seems like you'll have to go talk to these people in nebraska. you'll have to meet with them because the other representatives won't. you won't have all the information, mr. president, unless you do what i did. it's an eye opener. it's a risk. it's unnecessary. we don't have to do this. there is plenty of oil and plnt of ways to move it. putting it over the aquifer would be a huge mistake for america. and if you say no, mr. president, it will be a huge symbolic symbol, it will be a huge symbolic statement to the country and to the world we're serious about this climate thing. get your cell phones out. i want to know what you think. tonight's question. is the keystone xl pipeline worth the risk? text a for yes, b for no to 67622. you can can go to our blog. we'll bring you the results later in the show. for more, let me bring in earnest schneider
the news feed. republican congressman dave camp of michigan is talking up the tax reform plan that he proposed yesterday. now on "morning joe" today he said this provides reform and growth, he says it's a simpler tax code in which 95% of taxpayers would pay a 10% rate. it too good to be true? it cuts a few cherished cuts and credits, which has led some to say it's d.o.a. senator warren is taking part in a discussion at the center for american progress. but not not so much for the middle class, an issue she's been leading on. >>> we want you to know, as we keep you read in here, at this hour, tea party patriots are throwing themselves a fifth anniversary. among the speakers thob michele bachmann is speaking right there on the screen, plus steve king and tea party senator mike lee. rand paul and ted cruz are headlining in the afternoon. we'll have more on that story later. >>> coming up first, president obama making good on a promise that he made to young minority men. will the promise ultimately breed results? that of course is a question on a lot of people's minds. we're talking about
, the g-o-p says it wants to lower the top tax income rate on the rich from 39.6% to 25%. they would also impose a new surtax on some wealthy taxpayers but not one that applys to capital gains or dividends. the plan needs democratic support to become law. the nation's biggest bank is eliminating 8,000 jobs. jp morgan chase says the cuts will be in the consumer and community units, and blames the lay-offs on a drop in demand for refinancings. the overall employee base of the bank will reportedly only drop by about 5,000 because the bank is adding positions in other areas. jp morgan chase has more than a quarter of million employees. the latest read on the housing market-- shows home prices are cooling off slightly.. the s&p case shiller index of 20 cities came in with a .1% decline in december from november. it's the second straight month over month drop. a spokesman for the s&p index says the str0ngest part of the recovery in home values maybe over. traders are welcoming earnings that helped push housing stocks higher this week. wall street cheered on home depot, sending shares up almos
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